Why is Le Travenues falling/rising?

As of 05-Aug, Le Travenues Technology Ltd is currently priced at Rs. 240.80, reflecting a decrease of Rs. 1.65 or 0.68%. The stock recently hit a new 52-week and all-time high of Rs. 246.6, indicating strong performance prior to this decline. Despite today's drop, the stock has outperformed its sector by 3.49% and has shown significant gains over the past month, with a return of 40.12%. However, the stock touched an intraday low of Rs. 236.35, and there has been a notable decrease in investor participation, with delivery volume falling by 35.27% compared to the 5-day average. The stock is trading above its moving averages, which suggests a generally positive trend, but the recent decline may be attributed to reduced trading volume and sector-wide challenges, as the Travel Services sector has fallen by 3.44%.
In the broader market context, Le Travenues has outperformed the Sensex over various periods, including a 3.91% gain over the past week compared to a 0.77% decline in the benchmark. Year-to-date, the stock has risen by 43.55%, while the Sensex has only increased by 3.29%. This strong relative performance indicates that while the stock is currently experiencing a slight decline, it has been resilient and has delivered substantial returns compared to the broader market. The recent price movement may reflect short-term volatility rather than a fundamental weakening of the stock's position, especially given its strong performance metrics over longer periods.